Shri. Ashok Kumar Goel, age 49 years, has been associated with the Company since incorporation as a Director and is the Chairman of the Board of Directors. Shri. Goel is the Vice Chairman and Managing Director of Essel Propack Ltd. He is an experienced businessman who also guides the management of the Essel Group's existing leisure properties, viz. EsselWorld and Water Kingdom.

He has led the turnaround of an engineering tools company in the Essel Group and achieved manufacturing efficiencies. In July 2005, the renowned publication The 'Smart Manager', after in-depth research spread over three years, rated Shri. Ashok Kumar Goel as "one of the 25 truly world class managers from India".

Shri. Goel is on the Boards of Essel Infraprojects Ltd., Solid Containers Ltd., East India Company (Trading) Ltd., ITX Trade Exchange Ltd., Itz Online Payments Ltd. and SME Asset Reconstruction Company Ltd.

Mr. Vinod Sethi pioneered international investing in India. He joined Morgan Stanley straight out of Business School in 1989. He founded the India business for Morgan Stanley and was its Chief Investment Officer for 12 years. During his tenure, the India business grew to exceed Rs. 10,000 crore in assets under management, at its peak, making Morgan Stanley one of the largest investors in India. He was appointed as the Chief Investment Officer for all of Asia ex-Japan in 1997-98.

Mr. Sethi has met over 200 managements a year since 1989 and has been one of the early entrants in some landmark investments, such as Infosys Technology, Zee Television, Hero Honda, HDFC, among others. He has in-depth experience in secondary investing, IPO's, pre-IPO's, private equity and early stage financing.

Currently, Mr. Sethi runs his own investment firm. He is on the board of several Indian Corporates: United Phosphorus Ltd, Geodesic Ltd, GTL Ltd, Axsys Health Tech Ltd, Advanta India Ltd, among others. He is also the Chairman of KCP Sugar and Industries Corporation Ltd.

Mr. Vinod Sethi holds a Bachelor's degree in Chemical Engineering from IIT Bombay, and has done his Masters in Business Administration - Finance from New York University - Stern Graduate School of Business. Mr. Sethi has also graduated with honors (Beta Gamma Sigma) New York, USA.

Mr. Bibek Debroy, a professional economist is educated at Ramakrishna Mission School, Narendrapur, Presidency College, Calcutta, Delhi School of Economics and the Trinity College (Cambridge).

Beginning his career as an academician, Mr. Debroy taught at his alma mater, the Presidency College, and later at the Gokhale Institute of Politics and Economics (Pune), Indian Institute of Foreign Trade (Delhi), National Council of Applied Economic Research (Delhi) and Director of the Rajiv Gandhi Institute for Contemporary Studies, Rajiv Gandhi Foundation, New Delhi. Shri Debroy was Consultant to the Department of Economic Affairs, Ministry of Finance, Govt. of India. He served as the Secretary General of PHDCCI. He has also worked as Director for a project "LARGE"(Legal Adjustments and Reforms for Globalising the Economy), set up by the Finance Ministry and UNDP for examining legal reforms in the country. Between December 2006 and July 2007, he was the rapporteur for implementation in the Commission on Legal Empowerment of the Poor. Mr. Debroy has also authored several books, papers and popular articles, and continues to be the Consulting Editor of some of the most prominent financial newspapers in the country. He is now Contributing Editor with Indian Express. He is a member of the National Manufacturing Competitive Council. He is also a member of the Mont Pelerin Society.

He is currently a Professor at Centre for Policy Research and International Management Institute, New Delhi. He is also Visiting Senior Research Fellow, Institute for South Asian Studies, National University of Singapore.

Shri M M Chitale, a fellow member of the Institute of the Chartered Accountants of India is a renowned professional having standing of more than 35 years and is a partner of Mukund. M. Chitale & Co., an ISO 9001-2000 certified firm. The said firm provides services in the area of auditing, tax consultancy and management consultancy to various banking, insurance and manufacturing firms.

Shri Chitale is holding directorship in many renowned Companies viz. Larsen & Toubro Limited, Shriram Transport Finance Co Ltd., ONGC Mangalore Petrochemicals Ltd., etc. Shri Chitale is also associated as the member of Governing Council of Banking Codes and Standards Board of India. He is also the Chairman of the Ethics Committee of the Stock Exchange, Mumbai. He is a member of Advisory Board on Bank, Commercial and Financial Frauds, of the group for Amalgamation of Urban Co-operative Banks and also of Board of Supervision of NABARD.

In the past, Shri Chitale has also served on Boards of ONGC, IDBI Bank Ltd, LIC Housing Finance Ltd., SBI Mutual Funds Trustee Co. Pvt. Ltd., etc. Shri Chitale has held various positions in professional bodies such as President of The Institute of Chartered Accountants of India in the year 1997-98, member of The International Auditing Practices Committee of The International Federation of Accountants from January 1998 to June 2000, etc.

The Government of India, Ministry of Corporate Affairs has appointed Shri Chitale as Chairman of the National Advisory Committee on Accounting Standards (NACAS). NACAS advises the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by Companies as prescribed under the Companies Act, 1956.Further, Shri Chitale has served in various committees such as Member of The Committee for Collective Investment Schemes appointed by SEBI (Dr. S.A. Dave Committee), Member of Working Group on Restructuring of Weak Public Sector Banks appointed by RBI (Verma Committee), Member of Committee on Procedures and Performance Audit of Public Services appointed by RBI (Dr. Tarapore Committee).

Shri Chitale, an avid reader was associated with M.M. Kundnani College of Commerce & Economics & Sydenham College of Commerce & Economics as part time faculty. He has presented papers on subjects such as accounting, auditing, Corporate Governance, banking, Quality Controls at various seminars and conferences held at national and international levels.

Mr. M. R. Umarji is the Chief Advisor-Legal to the Indian Banks' Association. He is associated with banking industry for past 35 years and he represents a unique combination of rich experience as legal advisor, operational banker and a central banker (Retired Executive Director, Reserve Bank of India). He is associated with the process of legislative reforms for the financial sector and was a member of many committees and working groups set up by the Ministry of Finance and the Reserve Bank of India such as Andhyarujina Committee for banking sector reforms and J.J. Irani Committee for Simplification of Company Law.

Mr. M. R. Umarji is included in the Indian Delegation to the United Nations Commission on International Trade Law (UNCITRAL) for preparation of legislative guide on Model Law for Secured Transition. He has regularly contributed articles to Economic Times and other journals and has published a book on "Secured Transactions Law in India".

Mr. Naveen Surya, is a graduate in Management with specialization in Finance. After his MBA, he joined TCS where he was associated with TCS for four years as Management Consultant, where he worked on projects for organizations and institutions like ACC, GE Capital (UK) and UBS (Japan).

Naveen's vision coupled with the inherited spirit of entrepreneurship led to emergence of Itz Cash Card Ltd., in the year 2005 and launch of ItzCash Card, India's first ever Multi-Purpose Prepaid Cash Card that revolutionized the paradigm of electronic payment solutions in India. Under his leadership, Itz Cash Card Limited has won several national and international awards.

Naveen, a distinguished name in the Electronic and Retail Payment Systems in the country, is The Chairman of Payments Committee at Internet and Mobile Association of India (IAMAI) and an active member of Prepaid International Forum (PIF).

An avid reader, he prefers to read books on subjects that give newer insights to human lives. He support social causes related to Child Education and life impacting diseases like Epilepsy but one will rarely see him speak about it. He prefers to let his actions speak for themselves.

Avnish Bajaj is the co-founder and Managing Director of Matrix Partners India which is an investment firm with Rs. 1500 cr under management. Matrix India invests across multiple stages of businesses in various sectors such as Financial Services, Healthcare, Infrastructure, Education, Internet, Mobile, Media & Entertainment etc. Previously Avnish was the co-founder, Chairman and CEO of India's Largest Online Marketplace - Baazee.com - which was acquired by eBay. Prior to Baazee, he was an Investment Banker with the Hi-Tech group at Goldman Sachs in New York and San Francisco. He was also a management consultant at McKinsey & Co. and started his career with Apple Computer in the Bay Area.

Avnish currently serves on the Board of Matrix India portfolio companies Bhartiya Samruddhi Finance Limited (Livelihood Promotion company which is part of the BASIX Group), Yo! China (Chinese fast food chain), ItzCash Card (pre-paid cash card business) and Quikr (online local classifieds site). He is also an investor and advisor to Cleartrip (online Indian travel agent), Pangea3 (Legal Process Outsourcing business), Pinstorm (Search Marketing company) and Indus Biotech (Biotech Products Company).

He is a Baker Scholar from Harvard Business School, WARF Fellow from University of Wisconsin - Madison and a Top Ranked Graduate in Computer Science from the Indian Institute of Technology, Kanpur.

Mr. Somaia is the Managing Director of Lightspeed Advisory Services India Pvt. Ltd. which advises Lightspeed Venture Partners, a leading global venture capital and growth equity firm with $2B under management. Mr. Somaia has fifteen years of operating, entrepreneurial and investment experience in the US and India and his background and interests encompass technology and technology-enabled businesses. In addition to Itz Cash Card, Mr. Somaia currently serves on the boards of U. P. Twiga Fiberglass, Indian Energy Exchange and Four Interactive.

Previously, Mr. Somaia was Joint Managing Director of Twiga Fiberglass, a leading manufacturer of thermal and acoustic insulation solutions in India and a partner of Saint Gobain, one of the largest building materials companies worldwide. He was also a co-founder of Openlist (acquired by MCHX), a management consultant with Bain & Company and an investment banker with Salomon Brothers.

Mr. Somaia holds a BSc (First Class) in Economics from the London School of Economics and MBA from Harvard Business School.

Mr. Naveen Surya is a graduate in Commerce & Law, a qualified Company Secretary and has a Post Graduate Degree from Mumbai University in Management (MMS) with specialization in Finance. He has a rich experience in the field of Information Technology in India and abroad through his services at Tata Consultancy Service (TCS) where he served in the capacity of a project leader and consultant. His business acumen, insight and expertise, are significant in contribution, formulation and establishing the business module of India's first ever "Multi Purpose Prepaid Cash Card" with the launch of Itz Cash Card Ltd.

Mr. Cruz has more than 17 years of rich experience in Internet technology including ecommerce / ebanking development, building robust IT architectures and infrastructure and skilled in conceptualizing, developing and implementing business solutions. His last assignment was with Fidelity Information Services where he was responsible for technology, innovation, software development for banking products including Data warehousing and Business Intelligence products. He has also worked with GE Consumer Finance, Motorola and Daimler Benz at various levels.

Mr. Cruz is BE Computer Science from Barathiyar University - Coimbatore, MS Computer Science Engineering from Victoria University of Technology, Melbourne – Australia and MBA in MIS from George Washington University, Washington DC – US.

Mr. Deval Sheth has 15 years of rich experience in launching, building and managing businesses in the consumer financial services, consumer marketing services, prepaid, payments, and retail industries. He has been instrumental in Strategic planning and growing initiatives to scale and leading teams to success in his last assignment with Edenred India (formerly known as Accor Services India) where he was working as Head – Strategies & Business Development. He has also worked with Accentiv India and Royal Images Direct Marketing, S Kumars and Brunswick Corp.

Mr. Devesh Pandya is a qualified Chartered Accountant with 26 years of professional experience in the field of Accounts, Finance, Taxation, MIS, Secretarial & Legal. He has been associated with companies like Ital Thai development CEM Ltd and Hindustan Dorr Oliver Ltd.

Mr. Jeetendra Singh is a Science Graduate and has an MBA in Human Resources. He has 15 years of experience in companies like Wire & Wireless India Ltd., Enercon India Ltd., GE Energy, Vardhaman Acrylics Ltd. and Triveni Engineering & Industries Ltd.

Mr. Shekher Srivastava has a Masters Diploma in Business Administration (Marketing). He has 22 years experience in the field of marketing. His past experience includes association with companies like Mercedes-Benz and Fiat.

Mr. Sudhakar K. is a commerce graduate. He has a rich 22 years of professional experience in FMCG industry and has been associated with companies such as Colgate, P&G and Pidilite.